Welcome to our dedicated page for First Bancshares news (Ticker: FBMS), a resource for investors and traders seeking the latest updates and insights on First Bancshares stock.
First Bancshares, Inc. (FBMS) provides investors and stakeholders with timely updates through this comprehensive news resource. Track the latest press releases, financial disclosures, and strategic developments from this regional banking leader serving Mississippi, Louisiana, and Alabama communities.
This centralized hub delivers essential updates including quarterly earnings reports, acquisition announcements, and regulatory filings. Users gain immediate access to operational milestones, leadership changes, and market expansion initiatives that shape FBMS's position in community banking.
Discover verified information about First Bancshares' commercial lending programs, digital banking enhancements, and community development projects. Our news collection serves as your primary source for monitoring the company's financial health and strategic direction within the evolving regional markets.
Bookmark this page for streamlined access to FBMS's corporate communications. Check back regularly to stay informed about key developments affecting one of the Gulf Coast's prominent financial institutions.
The First Bancshares, Inc. (NASDAQ: FBMS) will participate in the 2022 KBW Community Bank Investor Conference from August 1-3, 2022, at the Hilton Midtown in New York City. The company plans to engage in one-on-one meetings with bank stock analysts and investors. A presentation for these meetings will be available on their website under Investor Relations, allowing stakeholders to access key financial information and strategic insights.
Headquartered in Hattiesburg, Mississippi, First Bancshares operates in Mississippi, Louisiana, Alabama, Florida, and Georgia.
The First Bancshares, Inc. (NASDAQ: FBMS) has successfully completed its acquisition of Beach Bancorp, Inc. This merger integrates Beach Bank into The First, enhancing the company's market presence in Northwest Florida and Tampa. Post-merger, The First Bancshares boasts approximately $6.7 billion in assets, $5.8 billion in deposits, and $3.6 billion in loans, with a total of 97 locations across five states. BBI shareholders will receive shares of The First common stock at an exchange ratio of 0.1711 for each share held.
The First Bancshares, Inc. (FBMS) reported net income of $15.8 million for Q2 2022, down 6.4% from Q1 2022. The company announced a definitive agreement to acquire Heritage Southeast Bancorporation, enhancing its presence in Georgia and offering access to dynamic markets. The acquisition is expected to add approximately $1.7 billion in assets. FBMS declared a cash dividend of $0.19 per share, marking a 6% increase, payable on August 25, 2022. Total loans grew 5.7% excluding PPP loans, while consolidated assets fell to $6.037 billion due to a decrease in deposits.
The First Bancshares has announced its definitive merger agreement to acquire Heritage Southeast Bancorporation (HSBI) in a deal valued at approximately $207 million. This acquisition will enhance The First's presence in key markets, particularly in Georgia and Florida, allowing entry into Atlanta, Savannah, and Jacksonville. Upon completion, the combined entity is projected to have around $8 billion in assets and over 100 branches across five states. HSBI shareholders will receive 0.965 shares of The First's stock for each HSBI share, with the transaction expected to close in late 2022 or early 2023.
The First Bancshares, Inc. (NASDAQ: FBMS) will release its second quarter financial results on July 27, 2022, after market closure. A conference call for analysts and investors is scheduled for July 28, 2022, at 1:00 p.m. Central Time to discuss the results. The audio archive and transcript will be available on their Investor Relations website within 24-48 hours post-call.
The First Bancshares operates in Mississippi, Louisiana, Alabama, Florida, and Georgia, offering a diverse range of banking services.
The First Bancshares, Inc. (NASDAQ: FBMS) announced it has received regulatory approvals for its acquisition of Beach Bancorp, Inc. (BBI), which is expected to finalize on August 1, 2022. This acquisition will enhance The First's footprint in the Florida panhandle and give access to the Tampa market. The deal, initially proposed on April 26, 2022, requires BBI shareholder approval at a special meeting on July 21, 2022. The merger is anticipated to yield operational synergies and market expansions.
The First Bancshares, Inc. (NASDAQ: FBMS) will participate in the 2022 Gulf South Bank Conference from May 2-3, 2022, at the Ritz-Carlton Hotel in New Orleans, Louisiana. The event will feature one-on-one meetings with bank stock analysts and investors. Attendees can access the presentation materials on the company’s website under Investor Relations. Founded in 1996 and headquartered in Hattiesburg, Mississippi, The First Bancshares operates across several states, including Mississippi, Louisiana, Alabama, Florida, and Georgia.
The First Bancshares, Inc. (FBMS) announced a strong first quarter of 2022 with net income of $16.8 million, reflecting a 6.6% increase from the previous quarter. The company plans to acquire Beach Bancorp, enhancing its presence in Florida and adding approximately $620 million in assets. Diluted earnings per share reached $0.81, up 8% from Q4 2021. Total loans increased 4.4% annually, while deposits rose by $211 million. A cash dividend of $0.18, a 6% increase, will be paid on May 25, 2022. The acquisition aims to provide significant market share growth in dynamic Florida regions.
The First Bancshares, Inc. (NASDAQ: FBMS) has announced a definitive agreement to acquire Beach Bancorp, Inc. (BBI), enhancing its footprint in Florida's panhandle and entering the Tampa market. The merger will result in Beach Bank merging into The First Bank, which will strengthen market position in key areas. BBI operates seven branches with $492 million in deposits and $456 million in loans. Shareholders of BBI will receive 0.1711 shares of FBMS stock per share of BBI, valuing the deal at approximately $116.7 million based on FBMS's closing stock price of $32.92.
The First Bancshares (NASDAQ: FBMS) has announced a new share repurchase program for 2022, allowing for the repurchase of up to $30 million of its common stock. This program replaces the previously extended 2021 repurchase initiative, which was completed in February 2022. The timing, number of shares, and pricing for the repurchases will be determined by management based on market conditions and regulatory requirements. The new program is set to expire on December 31, 2022.
